Re: Bitcoin could be used to pay for Bills,load and for travel in the Philippines
We can use bitcoin to pay bills, load and for travel in the Philippines but we are using a third party program. We can't really use bitcoin to pay in an embassy, or a loading center or even in some bills center directly. Although on that third party program you can pay your bills, have load, and travel without any hassle. In op, it's like its hyping everybody on how bitcoin works in the Philippines but no. In my country, there are lesser stores that accept bitcoin as payment. And for the record, if you heard GCASH, that is the used wallet in my country.
several shops and shopping centers on the island of Bali, Indonesia. also can accept bitcoin as a payment tool even though our country has made regulations about it, but not all financial activities we can do with bitcoin, here, we use bitcoin with limits.Most of the countries around the world has got such a limited access to bitcoin usage. Philippines being one of the country with the increased number of bitcoin users giving access to such a large number of usage with direct bitcoin acceptance is really good. Though it is a small country they are highly adoptive to technology. Following this can expect more countries to adopt bitcoin.
The Philippines also has limited access to Bitcoin and other Crypto Currencies because you cannot use your Bitcoin to any shops or cafes in the Philippines and it is only useful when using a third party application who trades Bitcoin for Philippine money and without this third-party application you can't trade your Bitcoin or use it to pay bills in the country. I don't think that you can call it "real adoption' because real adoption should happen when there are actual shops or anything the offers goods or services and accepts Bitcoin without the use of a third-party trading system.And to add up, Coins.ph is not really a crypto wallet because if you use it you don't own private keys and the company has the total control of your funds it is a third-party trading platform that trades Bitcoin to fiat or vice versa.
